News & Resources

From Rural Estates to Downtown Living: Midland Has it All

Monday, February 25, 2019

Your home should be specifically catered to your needs and desires. In Midland, Texas, we have a wide variety of options designed to suit your family. And you don’t need to break the bank in order to get what you want. In Midland, we have a lower cost of living compared to the national average, and nearly two-thirds of families in Midland own their homes. Whether you are looking for a traditional Texas ranch-style, a cottage or a larger home with acreage, you’ll find it here. And for those looking for that downtown city living, there are condos and lofts available....
Expanding Your Skills: Check out Midland College

Monday, February 18, 2019

Looking to further your education? We have an excellent option right here in our community: Midland College. The school has multiple degrees to choose from, including in STEM, computer technology, business, health and education. There are certificate programs available for mid-career professionals looking to expand or refine their skills, and Midland College’s Transportation Training program enables students to invest in their futures by obtaining commercial drivers licenses. And you won’t be saddled with crushing debt; Midland College is about one-third of the cost of other Texas institutions. Click here for more information.
Article Photo
New Organization Gearing Up To Take On Challenges Facing Midland

Wednesday, February 13, 2019

As the Permian Basin continues to produce millions of barrels of crude oil each day, Midland and other communities in the area are rapidly growing. There are challenges that come with this kind of economic success though. To address this, the City of Midland along with other public and private organizations are joining together to create a group to address some of the region’s biggest problems. Priority Midland is the new effort to address the region’s rapid growth and economic stresses but as the public kickoff for the organization’s unveiling made clear — this isn’t your grandmother’s oil boom. Read the rest of...
Priority Midland launches first event takes at Wagner Noel Performing Arts Center

Wednesday, February 13, 2019

Hundreds of people showed up to the Wagner Noel February 11 for the Priority Midland launch event. The crowd was made up of officials from both the city and the county, oil, and gas stakeholders, representatives from organizations within the community, and the public. The event featured two keynote speakers, Dr. Ray Perryman, and General (Ret.) Stanley McChrystal. Dr. Perryman, a world-renowned economist spoke to the success of the Permian oil patch and its significance to the world and U.S economy. He also spoke on the future of oil production in the region and its continued positive outlook, a reason shareholders and community leaders...
Article Photo
McChrystal: Leading change isn’t easy: Retired Army four-star general speaks at Priority Midland kick-off

Tuesday, February 12, 2019

Priority Midland introduced itself to residents on Monday night at the Wagner Noel Performing Arts Center. The speaking lineup, which included economist Ray Perryman and retired Army four-star Gen. Stanley McChrystal, reminded the who’s who in local government and nonprofit and community organizations that the rate of change has increased exponentially in Midland and that a team of teams requires change. McChrystal provided a first-hand look at how his experience as the head of Joint Special Operations Command in Iraq forced him to evolve as a military man and leader. Characteristics such as trust, a common purpose and shared consciousness were part of a...
Priority Midland: Community leaders, officials, non-profits team up to address Midland issues

Tuesday, February 12, 2019

Hundreds of community members attended the launch of Priority Midland, an initiative that aims to solve hurdles brought about by economic expansion. The initiative kicked off Monday night at the Wagner Noel Performing Arts Center. The launch included speeches from two keynote speakers, General (Ret.) Stanley McChrystal and economist Dr. Ray Perryman. Priority Midland is a collaboration between community leaders from the city and county governmental entities, leaders in local industries, as well as private foundations. Click here for the complete article.
Let’s Fly: Aerospace & Aviation Industry Soaring in Midland, Texas

Monday, February 11, 2019

Here in Midland, we are well-known for being a leader in the oil and gas industry. But we’re also looking to the skies and beyond. With new projects underway and room for expansion at the airport business park, now is the ideal time to get involved in Midland’s aerospace and aviation industry. The Midland International Air & Space Port is one of the top 10 largest in Texas, with daily commercial flights and cargo shipping. The business park has land available for development. And we’re also proud to say that the airport is the first in the United States to be...
Workforce Training Options in Midland, Texas

Tuesday, February 05, 2019

Looking to advance your technical skills to land a new job? Or are you a business owner with a need for additional training for new employees? Midland, Texas has the resources to provide those solutions. One example is the Midland College Advanced Technology Center. Workforce education programs are available to help workers advance their tech and machinery skills. The Petroleum Professional Development Center, designed to provide training to workers in the oil and gas industry, is one of only seven of its kind in the world. Click here for more information on the tools available to help enhance and refine your...
Midland’s Three Business Parks Have Room to Expand

Monday, January 28, 2019

Midland, Texas is growing rapidly, and we have the space to expand even further. Our city boasts three business parks, with ample acreage available for development as well as office space. All three parks-- Midland Spaceport, David Mims and La Entrada-- are conveniently located with access to nearby transportation, including rail lines, federal and state highways and the airport. The Midland Spaceport Business Park, positioned within the airport itself, gives you direct access to airside ramps and hangars. Click here to check out the three business parks and see which one will best suit your needs.
Finding Real Estate in Midland, Texas Using Our Easy Online Tool

Monday, January 21, 2019

Business owners: good news! Finding your next headquarters or expansion location just got a lot less time-consuming. The Midland Development Corporation utilizes an easy-to-use online tool that’ll simplify your real estate search, called the Geographic Information System. There are multiple search criteria to choose from, based on what is most important to you and your company. Search by square footage, acreage or by whether the location is for sale or lease. You can also zoom in to see demographic data, proximity to transportation, geography, and the broadband service available in each area. Click here to check it out.
Financial Programs Available to Help Your Expanding Company Succeed in Midland, Texas

Monday, January 14, 2019

Business is booming in Midland, Texas, and becoming even more diversified as more people discover our city’s amazing attributes. We want to help make your company’s move to Midland as seamless as possible, and ease the strain on your resources in the process. The Midland Development Corporation can help you navigate through the multiple financial programs available to new and expanding businesses. For example, various municipalities offer low-interest loans or grants to companies that move in. Bond programs and tax abatements are available to help purchase land, equipment and to invest in renovations. Click here for a complete list of the...
Find a High-Paying Job in the Booming City of Midland, Texas

Monday, January 07, 2019

Looking for a new place to call home? Midland, Texas is the place to be because it is booming and the opportunities are endless. The unemployment rate in Midland sits far below the already-low national average. There’s an even mix of white and blue collar workers here in west Texas, with nearly 6,000 companies to choose from. Jobs in the oil and gas industry are the largest sector, followed by health care, retail, food services and construction. You can anticipate a high-paying job as well; the median salary here is $77,000. That’s 30 percent higher than the state average. Click here...
Midland is Growing Faster Than Nearly All Other Cities in America

Tuesday, January 01, 2019

It’s an exciting time to live and work in Midland, Texas! More and more families and businesses are recognizing the city as a phenomenal place to raise a family and run a company. Midland was recently identified as the second fastest-growing city in the entire nation. And it promises to grow even faster in the years to come. Families are attracted to affordable home prices and quality schools. The median age here is 31; the largest sectors of the population are children and young adults. As for businesses, west Texas is the place to be. There’s no corporate income tax, and...
2018’s Fastest-Growing Cities in America (Midland #2!)

Tuesday, October 09, 2018

Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity better than others. Patterns emerge within those cities, allowing us to identify what factors contribute to a lasting cycle of growth. The South currently seems to be an attractive place to move, as the U.S. Census Bureau reports eight of the 15 cities with the largest population gains in 2017 were located in this region. Some cities thrive even through hard economic times while others struggle. To determine where the fastest local economic growth has occurred...
Top 10 states that are winning the war for talent

Friday, August 31, 2018

America is facing an unprecedented jobs crisis that is also different from anything government record keepers have seen before. This time it is not the jobs that are in short supply; it is the workers. Employers posted a record 6.7 million job openings as of the end of April, according to the U.S. Bureau of Labor Statistics. But the same agency says only about 6.1 million people are unemployed, meaning that for the first time since the government began compiling data on job openings in 2000, there are more openings than there are people to fill them. But some states are managing...
The state’s health is literally everyone’s business

Wednesday, August 29, 2018

People wait to buy health insurance with the help of City of Houston application counselors at a service center in Houston March 31, 2014. Texas leads the nation in the number of uninsured residents. Health issues generally will be the focus of an upcoming conference in San Antonio. For so many vital reasons, Texas needs to be healthy. Simply, our well-being isn’t just about feeling good today — it’s about the future of Texas. Studies show that health indicators are strongly tied to our state’s economic development, global competitiveness and security. That’s the theme to be explored at the Texas Lyceum public conference to...
Texas economy adds 27,200 positions in June

Wednesday, August 22, 2018

State has experienced 24 consecutive months of employment growth AUSTIN ? The Texas economy added 27,200 seasonally adjusted nonfarm jobs in June, which marked 24 consecutive months of employment growth. Over the year, Texas added 359,500 jobs for an annual employment growth rate of 2.9 percent. Private-sector employers added 26,400 positions over the month. Texas’ seasonally adjusted unemployment rate was 4.0 percent in June, down slightly from May 2018.  “Recognition of Texas as the premier place to do business in the country is reinforced by employers adding another 27,200 jobs in June and an impressive 359,500 jobs over the year,” said TWC Chairman Andres Alcantar....
Why Texas is the top state for business in America: Gov. Greg Abbott

Friday, August 17, 2018

The Texas economy is the fastest-growing in the nation. More Texans are working than ever before as the Lone Star State leads in private-sector job creation — over the month, over the year and over the past 10 years. And jobs in Texas are now on pace for the strongest growth in four years. This is not accidental. Over the past four years in my first term as governor, we've spurred the Texas economy by cutting taxes and regulations, by investing in our roads and infrastructure and by focusing on developing a world-class workforce. Continue to full article

Wednesday, August 15, 2018

Austin, Texas -- The Texas Economic Development Corporation (TxEDC) and Accenture announced a partnership to position Texas as the business destination of choice for innovation. The collaboration is a three-year commitment to advance the economic vision for Texas, particularly as it relates to the role of innovation and digital technologies. “As the world and Texas rapidly change and transform in this digital age, innovation is becoming an increasingly critical indicator for economic success,” said Robert Allen, President and CEO, TxEDC. “Already home to more than 17,600 technology companies and 50 Fortune 500 headquarters, Texas is on the rise as a destination for...

Monday, August 13, 2018

The Lone Star State secured the top spot in CNBC's rankings after a strong year of economic growth and the addition of over 350,000 jobs Texas claimed the No. 1 spot in CNBC's annual Top States for Business ranking, thanks to its strong economy, infrastructure and talented workforce. Since CNBC introduced the ranking in 2007, Texas is the first state to clinch the No. 1 spot four times and has never finished outside the top five states. In addition to claiming the No. 1 spot, Texas also received the top score in economy and infrastructure. The Lone Star State has seen nearly...

Friday, August 10, 2018

The Lone Star State was ranked among the best of the best after receiving five No. 1 rankings and 48 top-10 spots in Business Facilities’ annual State Rankings Report Texas secured the No. 1 spot in five different categories in Business Facilities’ annual State Rankings Report. In addition to receiving these top-notch scores, Texas secured 48 top-10 titles. Business Facilities’ rankings demonstrated Texas’ strength in a variety of industries and established the state’s global role in trade and investment. Among Texas’ most notable No. 1 rankings were Foreign Direct Investment (FDI) and Foreign Trade Zone (FTZ) Activity. Texas’ strong ports and 32...
Article Photo
Bringing Light to the Shadows of Health Care

Wednesday, August 08, 2018

In June, Midland Development Corporation announced an $8.4 million economic development incentive for Texas Tech University Health Sciences Center at the Permian Basin that will provide much needed psychiatric services for the Midland-Odessa area and all of West Texas. “This will help us recruit more faculty who will treat patients and train other doctors,” said Dr. Bobby Jain, chairman of the TTUHSC Department of Psychiatry. Jain praised the incentive as “generous,” one of the most significant investments since Texas Tech opened its regional campus. “I commend leadership of the Midland Development Corporation for their foresight and vision to fulfill the mental health need....
Midland, Texas has largest over-the-year jobs gain in September 2017 at 10.4 %

Wednesday, March 07, 2018

Author: Bureau of Labor Statistics From September 2016 to September 2017, employment increased in 283 of the 346 largest U.S. counties, the U.S. Bureau of Labor Statistics reported today. Midland, Texas, had the largest percentage increase with a gain of 10.4 percent over the year, above the national job growth rate of 1.0 percent. Within Midland, the largest employment increase occurred in natural resources and mining, which gained 4,526 jobs over the year (24.4 percent). Collier, Fla., had the largest over-the-year percentage decrease in employment among the largest counties in the U.S., with a loss of 5.2 percent. Within Collier, construction had the...
Exxon Mobil will triple production in the Permian basin, the hottest US shale oil field, by 2025

Tuesday, January 30, 2018

Author: CNBC Exxon Mobil on Tuesday said it will triple its production of oil and chemical feedstocks in one of the most productive shale basins in the United States and expand infrastructure to bring those products to market by 2025. The announcement came one day after the world's largest publicly listed oil company said it would ratchet up its U.S. investments to $50 billion over the next five years, in part due to the benefit of recent U.S. tax cuts. The Irving, Texas-based oil major said it plans to increase total daily production in the U.S. Southwest's Permian Basin by 600,000 barrels of oil equivalent, a measure...
EIA: Permian to supply 68 percent of oil production growth in February

Thursday, January 25, 2018

Author: PBOil&Gas The Permian Basin will supply more than two-thirds of February’s gain in crude oil production across seven major regions in the U.S., according to the latest Drilling Productivity Report from the U.S. Energy Information Administration. The U.S. is forecast to add another 111,000 barrels per day in February to reach 6.549 million barrels per day with 68 percent of the increase coming from the Permian Basin. EIA forecasts Permian production will grow by 76,000 b/d to reach 2.87 million barrels per day. The Eagle Ford will add 15,000 b/d to 1.257 million b/d. Leading the growth in gas production in February...
Susie's South Forty Confections adding jobs thanks to Midland Development Corporation

Tuesday, January 23, 2018

Author: The world-famous candy company, Susie's South Forty Confections, will be adding 10 jobs over the next three years. The additional hirings are part of an investment deal the business has with the Midland Development Corporation. Susie's ships toffees, caramels, and fudges across the country and to dozens of countries. But as demand continues to increase, store representatives say they need more production equipment. Read Full Article Here
Oil and gas company, Weir, breaks ground in Midland for new facility

Thursday, November 09, 2017

Author: News West 9 Weir is finally calling Midland their home. The global oil and gas company is consolidating three of their service centers in both Odessa and Midland County into a $30 million facility.  "We bought enough land that we can expand in the future," said Weir OIl and Gas President, Paul Coppinger. "We've got the capability if we add on product lines, or we can continue to expand our busieness. We can do that on this site."   Read Full Article Here
Weir Oil & Gas expands Permian presence with new customer service center

Thursday, November 09, 2017

Author: World Oil MIDLAND, Texas - Fort Worth-based Weir Oil & Gas today broke ground on a 92,000-square foot customer service center that will be located at the David Mims Business Park on Interstate 20. The new center reflects the company's strong commitment to the Permian basin region, consolidating three existing Permian-area service center locatios into one central location.   The state-of the art, purpose-built facility is scheduled to open by 2019 and will offer pressure pumping and pressure control testing facilities, a central hub for field-service operations, office space, shop area, and a warehouse.  Read Full Article Here
MDC gives final gift to UTPB engineering program

Wednesday, October 04, 2017

Author: OA Online A partnership to bring aerospace engineering to the University of Texas of the Permian Basin was realized fully recently as President Sandra Woodley received the final gift to fund the program’s undergraduate track. In fall 2016, UTPB started a new aerospace engineering program after getting a three-year commitment from the Midland Development Corp. and the Midland City Council. The major is mechanical engineering with a focus in aerospace engineering. Read Full Article Here
MDC OKs $5M for UTPB engineering building

Sunday, October 01, 2017

Author: Midland Reporter-Telegram The Midland Development Corp. completed two big steps in its mission to improve education Monday after it voted to approve a pair of measures affecting the University of Texas of the Permian Basin. At its monthly meeting, MDC board members unanimously greenlighted contributing $5 million toward the construction of UTPB’s engineering building, which will be built near the Center for Energy and Economic Development (CEED) in the city of Midland, and for the development of a business incubator and makerspace at the CEED. The economic development group is “building the third floor” of the engineering school, which will enable UTPB to...
Texas Ranked #1 for Business by U.S. Corporate Executives

Monday, September 18, 2017

Author: Texas has held the top business climate ranking since 1999. Texas has the best business climate in the country, according to a new survey of U.S. corporate executives from Development Counsellors International (DCI). Florida is the runner up, followed by Georgia, South Carolina and North Carolina. Texas, which has consistently held the No. 1 ranking since 1999, was again a favorite among survey respondents, with 42 percent naming the state as having one of the most favorable business climates. Texas was also rated as having one of the top five state economic development organizations. Conducted by DCI every three years, the “Winning Strategies...
Midland Secures Multi-Million Dollar Investment and Nearly 100 Jobs

Sunday, September 10, 2017

Author: Midland Development Corporation September 11, 2017 (Midland, Texas) Weir Oil & Gas, a leading supplier of equipment and services to the oil and gas sector, has agreed to build a new multi-million dollar facility in Midland, securing nearly 100 jobs over the next 5 years.  Still pending the Midland City Council’s approval, the agreement negotiated by Midland’s Economic Development Corporation will include $1.8 million of forgivable loans payable to Weir over the next 5 years.  The investment is contingent upon Weir investing nearly $30 million in a new facility, related equipment and inventory in the City of Midland by 2019, and...
The Sky’s The Limit In The Lone Star State

Wednesday, August 02, 2017

Author: Business Facilities If Texas was a country, it would have the tenth-largest economy among nations. A business-friendly climate—TX, which has no corporate or personal income taxes, is the top-ranked state for Best Business Climate in our 2017 Rankings Report—as well as a highly skilled workforce, easy access to global markets and robust infrastructure has attracted the headquarters of 50 Fortune 500 companies to the Lone Star State. For Gov. Greg Abbott, one of the biggest selling points for Texas is what the governor likes to call “economic liberty.” In an exclusive interview with BF, Abbott defined his governing philosophy for stimulating economic development. “Economic liberty is why...
Midland-Odessa economy shows impressive recovery as it journeys back to previous heights

Wednesday, July 19, 2017

Author: Midland Reporter - Telegram Not quite there yet, but the Midland-Odessa Regional Economic Index continues its journey back to the heights reached in December 2014 as oil prices were beginning to plummet. “That is a strong and impressive recovery, a resilient economy and an impressive bounceback” from the economic damage wrought by oil prices falling to 13-year lows, said Karr Ingham, the Amarillo economist who prepares the index for the Midland Development Corp. The May index posted its sharpest month-to-month increase — 1.9 points from April to May — since December 2014 and now stands just 1.3 percent below the May 2016 level. Ingham said the area...
Midland College receives $349K grant for teaching programs in West Texas

Monday, July 17, 2017

Author: CBS7 Midland College is receiving its second $349,480 Texas School Ready Grant from University of Texas Health Science Center at Houston. The grant focuses on professional development, coaching and mentoring for pre-k, Head Start and private child care teachers throughout West Texas. “The goal of this program is to help children be better prepared for school. Midland College received a similar grant in 2015, and we hire a coordinator to lead professional development activities for teachers in Midland, Odessa and rural West Texas communities. Our goal is to continue those efforts with this additional funding” explains Denise McKown, MC department chair of Education and Child Care and...
Midland home sales on the rise thanks to steady oil prices

Wednesday, July 05, 2017

Author: MIDLAND, TX (KWES) - Home sales are on the rise in Midland and so far this year, there's been record numbers. Even homes over a million dollars are getting sold. It's something that's leaving the real estate market puzzled because oil isn't exactly booming. "Oil and gas prices aren't having as much of an effect on our real estate market as compared to the past," said Bill Lanier, Real Estate Agent and Broker. The real estate market is having a good year and they're giving a lot of credit to the stable oil prices. "Midland's past real estate history is either extremely robust...
XCOR’s presence at airport was a benefit to community

Wednesday, July 05, 2017

Author: Midland Reporter - Telegram Midland Development Corp. board Chair Brent Hilliard was right when he called XCOR’s decision to lay off its workers in Midland and Mojave, California, “disappointing.” It is very disappointing. There is another feeling stemming from the economic development agreement that apparently went belly up on Wednesday: This one stings. However, this community has to be careful about knee-jerk reactions as we move forward. And while some Midlanders are celebrating this day as an MDC failure and a reason to do away with the type-4A tax, our recommendation is for everyone to relax. Once all of the details of the XCOR unraveling are known, the...
Top Metros 2017

Monday, March 06, 2017

Author: Site Selection Magazine Midland is #9 on Site Selection Magazine's list of metros under 200,000 that are most likely to attract corporate growth.  Read Full Article Here
Engineering building beam placed during ceremony

Monday, January 29, 2018

Author: Midland Reporter - Telegram The last critical structural piece for the University of Texas of the Permian Basin’s under-construction College of Engineering building was flown into place Monday during a “topping out” ceremony that celebrated the milestone. Attendees were invited to sign the 18-inch-by 22-foot rigging beam, painted orange to match the school’s colors, before it was placed in the southwest corner of the building-to-be. “The significance of this day goes far beyond the beam-signing and the building,” UTPB President Sandra Woodley said. “This ceremony represents a promising future for a growing university and an important addition to the longevity and success of...
Road bond campaign tops $200,000 in contributions

Wednesday, January 17, 2018

Author: Midland Reporter - Telegram Midland businessman Brent Hilliard put his money where his heart was when it came to the campaign to pass a $100 million road bond this past November. Hilliard contributed more than half of the $208,473 through donations — including those made as “non-monetary contributions” from a corporation — through his company, Hilliard Office Supplies, according to campaign finance reports. Monday was the deadline for filing the final report. Hilliard had filed Midland Road Bond’s final report last week. The report showed Midland Road Bond taking in more than $110,000 in political contributions during the third reporting period of the...
Anadarko to build regional office in new Midland mixed-use development

Thursday, November 09, 2017

Author: Houston Business Journal The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) has picked out a site for its new regional office in Midland, Texas.  It will be in Westridge Commons, a new 37.5-acre mixed-use development along Andrews Highway, according to a press release from Denver-based Continuum Partners and New York-based investment firm KKR & Co. LP (NYSE: KKR). Continuum and KKR — through its real estate fund, Real Estate Partners Americas I — formed a joint venture to develop the project. Anadarko currently has about 250 employees in its Midland office at 6 Desta Drive. About 300 employees are expected to be based in the new office across town initially, per the release....
Business leaders offer input on UTPB engineering dean

Thursday, October 19, 2017

Author: OA Online Business and industry leaders in oil and gas and other stakeholders were briefed Wednesday at the CEED building on the status of the engineering program and asked for characteristics they would like to see for a College of Engineering dean at the University of Texas of the Permian Basin. Midland Development Corp. Chair Brent Hilliard said this is a chance to build a program from the ground up. Hilliard said he sees companies eventually competing to get interns from the program.  Read Full Article Here
GOOD NEWS: Midland Leadership helps UTPB students reach for the stars and beyond

Saturday, October 07, 2017

Author: OA Online A partnership to bring aeronautical engineering to The University of Texas of the Permian Basin was realized fully Wednesday, as President Sandra Woodley received the final gift to fund the program’s undergraduate track. Back in the fall of 2016, UTPB started the new aerospace engineering program after getting a 3-year commitment from both the Midland Development Corporation (MDC) and the Midland City Council. “Because of the generosity and forward thinking by these leaders from the community of Midland, UTPB began the process of researching and developing a concentration in aeronautical engineering with the mechanical engineering program,” said President Woodley. “We...
New UTPB engineering building soon to come

Tuesday, October 03, 2017

Author: MIDLAND, TX (KWES) - The University of Texas of the Permian Basin is moving forward with a new engineering building thanks to the Midland Development Corporation and the Midland City Council. The MDC approved an agreement this week with the university for the building's construction. They will provide up to $5 million over a five-year period to complete the building. The 80,000 sq. ft. facility will be located at the intersection of FM 1788 and HWY 191. It will include mechanical, nuclear, aerospace, petroleum, chemical and electrical engineering programs. Funds from the MDC will also help build a third floor for the CEED...
The Midland Development Corporation Approves Agreement with TxDOT for the Construction and Improvement of Three Roadway Projects

Sunday, October 01, 2017

Author: Midland Development Corporation October 2, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved three donation agreements with the Texas Department of Transportation (TxDOT) for highway safety improvement projects. The MDC will contribute a total of $7 million to assist with the timeline acceleration and completion of these three projects by TxDOT: A fixed sum of $3,000,000 to be used towards the State’s costs of constructing an overpass at the intersection of South Loop 250 and County Road 1140 in Midland. A fixed sum of $2,000,000 to be used towards the State’s cost of constructing main lanes and interchanges on system at the...
The Midland Development Corporation Approves Funding for The University of Texas at the Permian Basin New Engineering Building

Sunday, October 01, 2017

Author: Midland Development Corporation October 2, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved an agreement with The University of Texas at the Permian Basin (UTPB) for the construction of a new engineering building and for the establishment and management of an incubator and makerspace to be located at the Center for Energy & Economic Development (CEED) building. UTPB has plans to construct an 80,000 sq. ft. facility to be located at the intersection of FM 1788 and HWY 191 to house UTPB’s mechanical, nuclear, aerospace, petroleum, chemical and electrical engineering programs. UTPB is currently pursuing program approval and accreditation in its...
City Council to approve $4 million in MDC expenditures

Monday, September 25, 2017

Author: Midland Reporter - Telegram More than $4 million in Midland Development Corp. projects -- including $2 million for a highway safety project at Loop 250 and County Road 1150 -- are on Tuesday’s Midland City Council agenda. The donation agreement, according to city documents, is meant to leverage Texas Department of Transportation funds for the construction of main lanes and interchanges at the intersection. Other projects include: - $1.7 million for improvements to the intersection of Carver Street and Scharbauer Drive, including but not limited to drainage, sidewalks, handicapped ramps, road improvements and utilities. - $316,000 for a promotional agreement with the Bush Tennis Center...
MC dual-credit enrollment increases

Tuesday, September 19, 2017

Author: Midland Reporter Telegram Dual-credit enrollment at Midland College has increased from fall 2016, trustees learned in a presentation Tuesday at the board’s monthly meeting. Fall 2017 enrollment for dual credit -- which allows students to earn both high school and college credits -- was 1,392 as of Tuesday. The figure is a jump from 1,116 students during the same semester last year, according to figures provided to the Reporter-Telegram. But total enrollment was down from last fall, according to the presentation. The college had an enrollment of 5,811 as of Monday, a drop from 6,026 in fall 2016. Liz Zenteno, dean of enrollment management, said...
The Midland Development Corporation Approves Carver Street Road Improvements at Scharbauer Drive

Sunday, September 10, 2017

Author: Midland Development Corporation September 11, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) is pleased to contribute an amount not to exceed $1.7 million to road improvements at Carver Street and Scharbauer Drive. Improvements might include, but are not limited to, drainage, sidewalks, handicapped ramps, road improvements and utilities. The low water crossing at Scharbauer Drive, located at this intersection, is prone to dangerous waters when the weather produces rainy conditions. The existing sidewalk is typically flooded when it rains and accessibility becomes limited for Midland residents in the area. MDC Chairman, Brent Hilliard, will negotiate a contract with the City of Midland...
The Midland Development Corporation Supports the Chris Davidson Opportunity Park at Bush Tennis Center

Sunday, September 10, 2017

Author: Midland Development Corporation September 11, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approves $316,000 to assist in the construction of the new Chris Davidson Opportunity Park to be located at Bush Tennis Center. The original Chris Davidson Opportunity Park was built in 1989 and was inspired by the brief and courageous life of Jan and Steve Davidson’s son, Chris. At the time, it was one of three parks in the country designed to give children with disabilities the privilege of playing side-by-side with their non-disabled peers.    The park is now being relocated to a 3.31 acre tract of land on...
Tenaris closes several Texas facilities due to Hurricane Harvey

Wednesday, August 30, 2017

Author: Tenaris All Tenaris operations in Houston, Freeport and Bay City, Texas, are currently closed as devastating flooding and rain continues throughout south Texas. Tenaris has asked all employees to take precautions and remain off the road until the inclement weather from Hurricane Harvey subsides and local authorities declare the roadways safe. Read Full Article Here
First Bancshares hires new president

Wednesday, August 16, 2017

Author: Midland Reporter - Telegram First Bancshares of Texas, the holding company of Midland-based FirstCapital Bank of Texas, announced Don Cosby has been hired as its new president. Cosby replaces Ken Burgess, who will remain as FirstCapital Bank’s chairman. “Don brings a lifetime of banking experience to FirstCapital and First Bancshares, with a vast and practical knowledge in running complex organizations,” Burgess said in a press release. “As the banking industry undergoes unprecedented change at an accelerating pace, Don’s wisdom and steady hand will provide the guidance we need to serve our customers. I am excited to welcome him to our team.” Read Full Article...
Midland-Odessa economic growth gains momentum at year’s mid-point

Wednesday, August 16, 2017

Author: Midland Reporter - Telegram Midland and Odessa’s economies are entering the second half of 2017 with significant upward momentum, shaking off the effects of falling crude oil prices. At the end of the second quarter, the Midland-Odessa Regional Economic Index marked the eight-month anniversary of its current recovery with its first year-over-year increase in two years. The June index was 1 percent higher than June 2016, the first year-over-year increase since “July 2015, when the index was on the way down,” said Karr Ingham, the Amarillo economist who prepares the index for the Midland Development Corp. “The 2.9 point increase in June (from May)...
Anadarko receives in-state tuition for employees relocating to Texas

Wednesday, August 09, 2017

Author: Office of the Governor Economic Development & Tourism August 4, 2017 Dr. Raymund A. Paredes Commissioner of Higher Education Texas Higher Education Coordinating Board P.O. Box 12788 Austin, Texas 78711   Dear Dr. Paredes: This letter is to inform you the Office of Economic Development and Tourism has certified Anadarko Petroleum Corporation ("Anadarko") for use of Section 54.222 of the Texas Education Code regarding in-state tuition for employees or family members relocating to Texas. Anadarko's Midland regional headquarters will create 250 new jobs at an estimated average annual wage of $100,000. The project will have an estimated capital investment of $l billion. In recognition of the company's positive impact to the...
MDC approves contract with college district

Tuesday, August 08, 2017

Author: Midland Reporter - Telegram More high school students will get the chance to develop their careers before going to college. The Midland Development Corp. board on Monday approved a contract with the Midland Community College District to help expand Midland College’s dual-credit career and technology program, which in the past school year served 301 Midland Independent School District students. All involved hope to more than double that number in two years. “It’s been a long process working with the MDC and MISD,” MC President Steve Thomas said ahead of the vote. Thomas said the college will create a health sciences academy and a...
The Midland Development Corporation Approves an Agreement with Midland College for Expansion of their Midland College Dual Credit Career Program and the Technology Education Program

Sunday, August 06, 2017

Author: Midland Development Corporation August 7, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved an Economic Development Agreement with the Midland Community College District (Midland College) for the expansion of the Midland College Dual Credit Career Program and the Technology Education Program. The fostering of the aforementioned programs will promote or develop new or expanded business enterprises in the City of Midland. The programs will assist in the retention of primary jobs through development or expansion of job training facilities for use by higher education. “We are very pleased to partner with the Midland Development Corporation, MISD and the Abell-Hanger Foundation to...
Article Photo
Business Facilities’ 13th Annual Rankings Report

Wednesday, August 02, 2017

Author: Business Facilities Success in economic development traditionally has been measured by adding up the annual tally of new facilities, new jobs, capital investments and similar benchmarks that set the pecking order of locations vying for sustainable prosperity. But the relentless advance of technology—which seems to be accelerating at warp speed—creates new prerequisites for progress that must be factored into our rankings equations and adjusted in real time as best practices adapt to the highly specific needs of emerging growth sectors. The real action may be taking place in venues that are not readily accessible and the forward process may not be...
Gross Domestic Product by State: First Quarter of 2017

Tuesday, July 25, 2017

Author: Bureau of Economic Analysis Texas’s GDP growth in Q1 led the nation at 3.9%. The mining sector was the largest contributor to growth in Texas.  Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth in the first quarter ranged from 3.9 percent in Texas to -4.0 percent in Nebraska (table 1 and chart 1). Real estate and rental and leasing; mining; and durable-goods manufacturing were the leading contributors to...
Midland ISD Board of Trustees approves new CFO, principals

Monday, July 24, 2017

Author: MIDLAND, TX (KWES) - The Midland Independent Board of Trustees unanimously approved a new Chief Financial Officer and two new principals. We’re told Darla Moss was approved as the new CFO. Moss joins Midland ISD with more than 12 years of experience in school finance and 30 years in accounting and finance. We’re told in the last six years she has served as the Chief Financial Officer for the Liberty-Eylau Independent School District. She began her career working in the private-sector as a finance and accounting specialist. Read the Full Article Here
MMH Receives Baby Boxes to Reduce SIDS

Monday, July 24, 2017

Author: Midland Memorial Hospital Midland Memorial Hospital is proud to become one of the first hospitals in West Texas to be a designated Baby Box Co. distribution center. Baby Everly of Odessa, TX was the first baby at MMH to receive a Baby Box. The purpose of these boxes is to educate new parents on safe sleep practices and to provide infants with a safe sleep space in an effort to reduce SIDS (Sudden Infant Death Syndrome). Baby Boxes can be used for the baby's first five to six months of life and are to be placed either on the floor next to...
Midland International Air & Space Port expanding TSA line after frequent overcrowding

Tuesday, July 11, 2017

Author: MIDLAND, TX (KWES) - Flights out of Midland are usually carefree, but people have been dealing with overcrowding during peak flying times. The crowding creates hassles for passengers and airport security, but soon there will be an expansion to that area for easier flying. "It's going to really kind of change the whole footprint of the airport when you walk in," said Justine Ruff, Director of Airports. "Probably the last five or six years it's been an issue for us." Ruff says, the TSA line is the biggest issue. It typically gets packed early in the morning, so much so, that the designated area is overflowing...
Agreement: XCOR must meet salary obligations

Monday, July 10, 2017

Author: Midland Reporter - Telegram XCOR Aerospace thus far has met its obligations as required by the economic development agreement signed nearly five years ago with the Midland Development Corp. and has collected $9 million in performance incentives, relocation payments and renovations. Still, the space industry company faces payroll, capital investment and rent obligations that officials said will be a challenge considering its financial status.  The economic development agreement with MDC shows XCOR must meet obligations of $8 million in total salaries and wages this year and $12 million next year.  Company officials told the Reporter-Telegram on Thursday that it was forced to lay off its 10 employees...
Midland Health creates Pediatric Task Force

Monday, July 10, 2017

Author: Midland Reporter - Telegram As a part of Midland Health’s vision, to become the healthiest community in Texas, the administration believes in transparency and proactively working hard to attend to our community’s health-care needs. In response to an issue with a patient who had unintended complications, a Pediatric Task Force was initiated. Its main purpose is to set up goals from both pediatric and ER perspectives. Both committees meet independently each week, and the main body meets each month. There are stakeholders from the hospital, physicians, nurses, educators and other interprofessional colleagues, along with invited community activists who are focused on the...
Our community is in need of a comeback

Friday, July 07, 2017

Author: Midland Reporter - Telegram Just when you thought it was OK to look forward and start talking about what our community’s future, the website Parabolic Arc felt the need to pile on. Last week, the space industry blog was the first to report XCOR Aerospace was laying off its remaining employees.  That’s right, the same XCOR Aerospace our community invested in -- or bet on -- to put Midland on the space industry map.  It’s not $9 million-and-change down the drain -- at least not yet. XCOR officials promise to continue the fight -- and maybe one day the “flight” -- by hiring contract help and...
XCOR Lost ULA Engine Contrac

Thursday, July 06, 2017

Author: Parabolic Arc Despite laying off its 21 remaining employees, XCOR Aerospace isn’t dead yet. But, it’s not in real good shape, either. It turns out that a major blow to the company was the loss of a contract with United Launch Alliance (ULA) to develop an upper stage for the Vulcan booster. The primary impetus for the layoffs, Acting CEO and XCOR Board member Michael Blum told me, is the loss of a contract for engine development that the company had with United Launch Alliance. “The proceeds should have been enough to fund the prototype of Lynx [the company’s planned spacecraft], but ULA decided they’re...
The Passing of a Rite of Passage

Wednesday, June 28, 2017

Author: Ray Perryman Having a summer job used to be a rite of passage for teenagers. Changes in economic conditions and preferences are contributing to a decline in the numbers of young people seeking summer work. The implications for both young people and employers are significant. Data from the US Bureau of Labor Statistics (BLS) indicates that teen labor force participation peaked in 1979 at just under 58%. (The labor force participation rate is the proportion of the civilian noninstitutional population either working or looking and available for work.) In 2000, prior to the 2001 recession, it stood at 52%, but fell sharply...
Council wants to earmark Scharbauer operations funds

Tuesday, June 13, 2017

Author: Midland Reporter - Telegram The Midland City Council has taken the first step toward earmarking the money left over from the collection of the 4B tax and dedicating it specifically for maintenance and operations of the Scharbauer Sports Complex. In Tuesday’s meeting, the council dissolved the Midland Football-Soccer and Baseball Complex Development Corp. That was expected as part of the aftermath of the failed May election that would have extended a quarter-cent sales tax for parks improvements and sports complex operations/maintenance. But council members want to be able to earmark remaining funds now that the complex has been paid off. City Finance Director Pam Simecka told the council there still...
Cruz: ‘D.C. is a little crazy right now’

Friday, May 19, 2017

Author: Midland Reporter - Telegram U.S. Sen. Ted Cruz was back in West Texas this weekend to meet with local leaders and spread his message that he and other Republicans intend to keep the promises they made to voters in November. Despite having majorities in the House, Senate and control of the White House, the seemingly never-ending controversy surrounding President Donald Trump hasn’t made his job easy. “D.C. is a little crazy right now,” Cruz told media Saturday during a press conference at Midland International Air & Space Port. The senator from Texas tries his best to keep his mind on the mission. “In...
MDC looks to fund 3 more roads projects

Sunday, May 14, 2017

Author: Midland Reporter - Telegram The Midland Development Corp.’s commitment to contributing funding to area transportation projects continues with an interest in three more projects. In a pair of letters dated May 3 to the TxDOT Odessa District and received Friday by the Reporter-Telegram, the MDC indicated it wants to contribute $7 million for an overpass at Loop 250 and County Road 1140, for improvements to the intersection at Loop 250 and State Highway 191 and for improvements at the intersection of Interstate 20 and Midkiff Road. In a letter signed by MDC Vice Chairman Keith Stretcher, the sales tax-funded development group will commit...
Woodley approved as UTPB president

Wednesday, May 10, 2017

Author: OA Online The University of Texas System Board of Regents unanimously approved Sandra Woodley as the new president of the University of Texas of the Permian Basin today during a meeting in Austin. Woodley will succeed David Watts. Watts has been UTPB president since 2001 and is resigning effective Aug. 31. Regents approved Woodley as a finalist for the position in March. “I am humbled by this chance to serve The University of Texas System once again,” Woodley said in a news release. “UTPB has a heart for students, particularly the underserved, and I am inspired by this. I will do everything I can...
The Midland Development Corporation along with the City of Midland Celebrate the Completion of Briarwood Avenue Road Improvements

Monday, May 08, 2017

Author: Midland Development Corporation May 9, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) is pleased to have been a contributor to the improvements and widening of Briarwood Avenue between Holiday Hill Road and Avalon Drive. The initial contract of $8.62 million was awarded to the sole bidder of the project, Jones Brothers Dirt and Paving, and the professional services related to design work of Phases II and III was contracted with Parkhill, Smith and Cooper. The project was funded by the City of Midland and the MDC. The project includes three phases; Phase I involved the widening of Briarwood Avenue including the...
Midland Development Corporation approves funding agreement for highway project

Wednesday, May 03, 2017

Author: CBS 7 The Midland Development Corporation recently approved a funding agreement with TxDot for a highway safety improvement project. The project will construct main lanes and interchanges at the intersection of Loop 250 and County Road 1150 to convert non-freeways to freeway. The Midland Development Corporation will contribute $2 million dollars to TxDot to help with the completion of the project. Read Full Artcile Here
MDC approves agreement to fund Loop 250 overpass

Sunday, April 30, 2017

Author: Midland Reporter - Telegram A major step toward completion of Loop 250 was taken Monday at the Midland Development Corp. monthly board meeting. The board voted 4-0 to execute an advanced funding agreement with the Texas Department of Transportation. Board member Gary Douglas was absent. The MDC will contribute $2 million toward the construction of a curvilinear overpass at county roads 1150 and 60. The local participation in the project is expected to accelerate the project significantly. The construction phase has a total cost of $21.5 million, and the total project cost is $29.459 million according to a copy of the agreement received by...
The Midland Development Corporation Partners with the City of Midland and TxDOT to enhance safety and improve access on Loop 250 at County Road 1150

Sunday, April 30, 2017

Author: Midland Development Corporation May 1, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved an Advance Funding Agreement with the Texas Department of Transportation (TxDOT) for a highway safety improvement project. The project will construct main lanes and interchanges at the intersection of Loop 250 and County Road 1150 to convert non-freeway to freeway. The MDC will contribute $2 million to assist TxDOT with the completion of the project. This contribution is part of an economic investment effort that allows MDC dollars to be utilized as a leverage to get transportation projects finished faster. James Beauchamp, president of Midland-Odessa Transportation Alliance (MOTRAN), stated that,...